Dow continued with its corrective up move and gained by 240 points. European markets closed mildly bullish. Dow which made high of 7184 on March 12th from low of 6440 of March 9th, one can expect Dow to correct.
Asian markets have opened in strong, japan which was in red yesterday in up 340 points.
Indian markets may open high in line with Asian markets.
Upside: Initial resistance is at 2620, if 2620 is broken next resistance is at 2640 to 2655. If 2655 is broken we can expect 2670 to 2680 levels.
Downside: Initial support is at 2600, if 2600 is broken next support is at 2580 to 2570. Below 2570 is very bearish.
